KKR
KKR & Co. Inc.
Is KKR Halal?
Private equity firm — riba-based debt investing.
What You Should Know
KKR is a major private equity and credit firm. Its March 2026 Form 10-Q reports $412,084.513 million of consolidated assets, $52,988.629 million of debt obligations, $19,200.069 million of unrestricted cash, $53,156.851 million of receivable inputs and $4,317.983 million of quarterly revenue. Debt/assets is 12.86%, liquidity/assets is 4.66%, receivables-plus-cash/assets is 17.56%, and disclosed interest income is 17.17% of revenue; the core business relies on interest-based financing and leveraged transactions.
⚠️ Concerns
- •Debt-financed buyouts
- •Private credit and interest-heavy capital structure
- •Insurance and conventional investment portfolios
- •Interest income exceeds the examined 5% limit
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
52,988.629 / 412,084.513
19,200.069 / 412,084.513
72,356.92 / 412,084.513
741.591 / 4,317.983
- Financial
- Fails
- Overall
- Fails
Debt/assets is 12.86%, liquidity/assets is 4.66%, receivables-plus-cash/assets is 17.56%, but disclosed interest income is 17.17%, above the examined 5% limit; core financial activity also fails.
- Financial
- Pass
- Overall
- Fails
Debt/assets is 12.86%, liquidity/assets is 4.66% and receivables-plus-cash/assets is 17.56%; the core private-credit and leveraged-finance business independently fails.
- Financial
- Pass
- Overall
- Fails
Debt/assets is 12.86% and liquidity/assets is 4.66%; the core financial-services activity remains impermissible under the qualitative assessment.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; market-cap methods cannot cure the core credit and leveraged-finance failure.
Business-activity disclosure
KKR is an alternative-asset manager with private equity, private credit, infrastructure and insurance operations. Credit origination, leveraged buyouts and interest-bearing financing are core to the business under the existing qualitative assessment.
Limitation: The consolidated filing combines asset management, insurance and fund/VIE activities, so a single scholar-universal prohibited-revenue numerator is not available.
Purification
KKR discloses $741.591 million of interest income, but the core business is a financial-services model and no scholar-approved purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions converted from KKR's March 31, 2026 Form 10-Q, which presents source amounts in thousands.
- Debt obligations include $49,175.395 million in Asset Management and Strategic Holdings and $3,813.234 million in Insurance; funds-withheld payable at interest is disclosed separately and not double-counted as debt obligations.
- Unrestricted cash and cash equivalents total $19,200.069 million across Asset Management and Insurance; restricted cash is excluded.
- Receivable inputs include $2,703.403 million due from affiliates and $50,453.448 million reinsurance recoverable. Quarterly total revenues are $4,317.983 million and interest income is $741.591 million.
- Private credit, leveraged buyouts, insurance investing and interest-bearing financing are core activities rather than incidental exposures.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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